Not so bright

Finweek English Edition - - SIMON SAYS -

Vo­da­com’s quar­terly up­date re­ally does give an in­di­ca­tion of what the fu­ture of mo­bile com­pa­nies looks l i ke, as rev­enue de­creased 1.1%. The much­com­plained- about 50% re­duc­tion in mo­bile ter­mi­na­tion rates ( MTR) pushed rev­enue down, as with­out this cut rev­enue would have grown 1.5%. Ei­ther way, there was es­sen­tially no rev­enue growth for the quar­ter and here’s t he prob­lem: Data rev­enue grew 19.9%, but data us­age in South Africa grew 62.2%. So, yes, data us­age is grow­ing at a rapid pace and will likely con­tinue to do so for some time, but it is not enough to give awe­some dou­ble-digit rev­enue growth as data

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.